MPF Systems Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019

1. The above financial results have been reviewed by auditors, recommended by the Audit Committee and approve by the Board of Directors at its meetings held on June 5, 2019.

2. The Company has adopted the Indian Accounting Standards (Ind AS) from April 1, 2017 and these financial results have been prepared in accordance with the recogition and measurement principles laid down in the said standards.

3. The Company is of the view that it is primarily engaged In the business of design, development, installation and servicing of Fire Security Systems which is a single business segment and hence, Accounting Standard - 17 "Segment Reporting" notified
pursuant to the Companies (Accounting Standard) Rules, 2006 is Not Applicable to the company.

4. The figures for the last quarter ended 31 March 2019 are the balancing figures between standalone audited figures in respect ofthe full financial year and the published year to date standalone figures upto the third quarter of the current financial year.

5. Earning per share is not annuliased for the quarter ended 31.03.2019, 31.12.2018 and 31.03.2018.

6. Post the applicability of Goods & Service Tax (GST) with effect from 01.07.2017, GST paid on expenses are debited to the Profit and Loss Account separately and no input credit of the same is taken.

7. The company's bank account maintained in Axis Bnak ltd. is currently not in operation due to seizure of bank account by Revenue Authorities ( Custom Department ) for recovery of their dues related to the earlier management of the company.
Management is hopeful of removal of seizure order from the bank account and currently all payments are done by a director from their bank account. The Company is debiting theses expenses in respective expenses account and credited to the directors loan account.

8. The figures of the previous year/ periods have been regrouped / reclassified, wherever necessary, to conform to the classification for the year ended 31 March 2019.

9. The above is an extract of the detailed format of Audited Finanicial Results.